Ukraine Offers Assistance to Help Nigeria Address Troubled Power Sector. The Ukraine-Nigeria Business Council has extended an offer to assist Nigeria in resolving its challenges within the electric power sector through a collaborative effort with the Republic of Ukraine. Mr. Ben Gbade Ojo, President of the Ukraine-Nigeria Business Council, unveiled this proposition on Monday…
NUPRC Accelerates Oil Asset Divestment, Set To Boost Nigeria’s Daily Production by 700,000 Barrels. Nigeria’s oil industry is on the brink of transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) accelerates divestment, paving the way for multibillion-dollar deals and bolstering indigenous investment. According to sources familiar with the matter, the NUPRC is expediting the…
Lagos-Calabar Coastal Highway not priority – Obi Labour Party (LP) presidential candidate in the 2023 general election, Mr. Peter Obi, has responded to allegations of incitement from the Federal Government regarding his stance on the Coastal Highway Project. Obi reaffirmed his position that the trillions of Naira Coastal Highway Project is not a priority in…
FG reiterates commitment to pipeline distribution of gas to investors Minister of State for Petroleum Resources (Gas) Mr Ekperikpo Ekpo said, “Licensed distributors of Compressed Natural Gas (CNG) should invest in the installation of pipelines to deliver gas directly to end users.” Ekperikpo made this statement on Wednesday in Abeokuta, Ogun State, aftermath an incident…
Federal Government Commences 2024 Oil Bid Rounds The Federal Government of Nigeria has officially announced the commencement of the 2024 oil bid rounds in alignment with the provisions of the Petroleum Industry Act (PIA). This significant announcement was made during the first edition of the NEITI House Dialogue, organized by the Nigerian Extractive Industries Transparency…
I have signed Executive Order to unlock $10 billion investment in oil and gas – Tinubu President Bola Tinubu announced on Tuesday, April 30, that he recently authorized an Executive Order aimed at unlocking approximately $10 billion in fresh investments within the nation’s oil and gas sector. Speaking at the commencement of a two-day…
MEMAN Boosts Distribution Network by 300 Million Litres to Alleviate Fuel Queues The Major Energies Marketers Association of Nigeria (MEMAN) has revealed plans to address the prevailing fuel scarcity in Lagos and other parts of Nigeria by expecting over 300 million liters of Premium Motor Spirit (PMS) from eight vessels this week. Mr. Huub…
The Aggregator Platform (TAP) Celebrates Four Years of Impactful Hunger Alleviation Efforts. The Aggregator Programme (TAP) for the Alleviation of Hunger, led by Oando employees (#HumansOfOando), is marking its fourth anniversary with a reflection on its significant role in fighting hunger in Nigeria’s most vulnerable communities. Initiated in April 2020 to respond to the urgent…
Nigeria’s Mineral Wealth Valued at $750 Billion: Minister Unveils Ambitious Plans for Sector In a groundbreaking revelation, the Minister of Solid Minerals Development, Dele Alake, unveiled Nigeria’s substantial mineral wealth, estimated at a staggering $750 billion. This disclosure came during a two-day national stakeholders’ roundtable on sustainable development of the mining industry organized by the…
NDPHC Honored with Power Infrastructure Development Agency of the Year Award Nigeria’s foremost electricity generation firm, Niger Delta Power Holding Company (NDPHC), received the Power Infrastructure Development Agency of the Year Award during the inaugural Energy Times Awards held in Lagos. This acknowledgment underscores NDPHC‘s pivotal role in transforming the nation’s electricity sector. Originating from…
